Prudential Financial Inc. boosted its position in shares of TCF Financial Corporation (NYSE:TCF) by 110.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,287,685 shares of the bank’s stock after buying an additional 674,360 shares during the quarter. Prudential Financial Inc.’s holdings in TCF Financial Corporation were worth $21,942,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in TCF Financial Corporation by 9.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,487 shares of the bank’s stock worth $103,000 after buying an additional 580 shares during the period. Tower Research Capital LLC TRC boosted its stake in TCF Financial Corporation by 540.0% during the second quarter. Tower Research Capital LLC TRC now owns 8,282 shares of the bank’s stock worth $132,000 after buying an additional 6,988 shares during the period. Victory Capital Management Inc. boosted its stake in TCF Financial Corporation by 17.6% during the second quarter. Victory Capital Management Inc. now owns 9,156 shares of the bank’s stock worth $146,000 after buying an additional 1,372 shares during the period. Verition Fund Management LLC purchased a new position in TCF Financial Corporation during the second quarter worth $162,000. Finally, Janney Montgomery Scott LLC purchased a new position in TCF Financial Corporation during the second quarter worth $164,000. 82.43% of the stock is owned by institutional investors.
In other news, Director Barry N. Winslow acquired 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was purchased at an average cost of $25.00 per share, for a total transaction of $300,000.00. Following the completion of the acquisition, the director now directly owns 2,365 shares of the company’s stock, valued at approximately $59,125. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.50% of the company’s stock.
Shares of TCF Financial Corporation (TCF) opened at $18.10 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.04. The firm has a market capitalization of $3,139.49, a price-to-earnings ratio of 16.02, a PEG ratio of 1.81 and a beta of 1.25. TCF Financial Corporation has a 52-week low of $14.58 and a 52-week high of $20.03.
TCF Financial Corporation (NYSE:TCF) last released its quarterly earnings data on Friday, October 27th. The bank reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.02). The firm had revenue of $343.30 million during the quarter, compared to the consensus estimate of $340.45 million. TCF Financial Corporation had a net margin of 15.27% and a return on equity of 9.63%. The business’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 earnings per share. equities research analysts predict that TCF Financial Corporation will post 1.22 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.30 annualized dividend and a dividend yield of 1.66%. TCF Financial Corporation’s payout ratio is currently 26.32%.
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Several research analysts have commented on the stock. Zacks Investment Research raised shares of TCF Financial Corporation from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Wednesday, November 1st. Barclays PLC lifted their price objective on shares of TCF Financial Corporation from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, October 30th. DA Davidson raised shares of TCF Financial Corporation from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Deutsche Bank AG lifted their price objective on shares of TCF Financial Corporation from $17.00 to $18.00 and gave the stock a “hold” rating in a research note on Wednesday, November 8th. Finally, J P Morgan Chase & Co lifted their price objective on shares of TCF Financial Corporation from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $18.42.
TCF Financial Corporation Profile
TCF Financial Corporation (TCF) is a bank holding company. The Company’s principal subsidiary is TCF National Bank (TCF Bank). The Company operates in three segments: Consumer Banking, Wholesale Banking and Enterprise Services. Consumer Banking comprises all of the Company’s consumer-facing businesses.
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